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  #1  
Old 03-03-2010, 11:52
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Default IGTFX technical analysis

IGTFX technical analysis USD PLN and AUD NZD
The USD dropped for a second day versus the EUR as the most trades increased their bets that the Federal Reserve will keep its target interest rate near zero to sustain a recovery in the world`s biggest economy. IGTFX indoor The EUR rose to 1.3645. Furthermore the USD weakened against 15 of its 16 major counterparts after the Fed Bank of Dallas President Richard Fisher said the interest rates should remain low until the economy picks up, which won`t happen for some time. The JPY increased to 88.65 versus the USD after it reached 88.48. IGTFX This was the lowest level since the middle of December 2009. IGTFX indoor The EUR was unchanged and is trading at a level around 120.97 versus the JPY.

Yesterday, the interest rate futures on the Chicago Board of Trade showed a 39 % change that the Federal Reserve Bank will hold its target lending rate between zero and 0.25 %. IGTFX indoor In Europe, the Greek government will announce their cuts about 4.8 billion EUR today, due to the European pressures.
USD/PLN

IGTFX indoor Since the middle of February, the USD has been trading in a sideways trend against the PLN. During the last two weeks, whenever the currency pair reached its support level around 2.8860, the prices recovered and increased. Recently, the support was not strong enough and the market crossed it from the top. IGTFX indoor Now, it could be that the prices will continue their bearish movements. IGTFX indoor The MA Oscillator may indicate a bearish trend with a breakthrough of the signal line.
AUDNZD

With the beginning of February, IGTFX indoor the currency pair has been trading in a bullish trend channel. IGTFX indoor Yesterday, the AUD reached the upper line of the trend channel together with its Pivot point at 1.3006 and the prices rebounded. Last week, we had the same scenario and the AUD lost and crossed the lower line of the channel. IGTFX indoor Also the Momentum could support a bearish trend.
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  #2  
Old 04-03-2010, 11:16
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IGTFX technical analysis , today we expect a lot of interesting economic data. For example the U.S. Jobless Claims. Anyway, have much success in trading today.
The NZD lost and reached 1.3080 versus the AUD .
IGTFX Market review
The USD traded near a two week low versus the EUR and reached 1.3703 on easing concerns that the European Union`s biggest budget gap will derail a regional recovery after Greece announced tax increases and deeper spending cuts. Furthermore the JPY traded near its highest level against the USD since the beginning of December 2009. IGTFX reports The USD dropped to 88.45 versus the JPY on bets the Federal Reserve will keep its benchmark interest rate near zero. The EUR weakened to 121.02 against the JPY. IGTFX reports Since the year 2000, the AUD approached its strongest level against the NZD, because investors bet on a quicker economic growth in the larger South Pacific nation. This increased the demand for the AUD. IGTFX reports The NZD lost and reached 1.3080 versus the AUD.

The Bank of England announces today, that they may keep their bond purchase plan on hold. The GBP has dropped 4 % in the past month versus the USD and 7% in this year.

[COLOR="Red"]USD/SEK[/COLOR]

IGTFX reports , Since the middle of February, the USD has been trading in a slightly bearish trend channel against the SEK. Currently, the currency pair is trading in the middle of the channel. During the last two weeks, whenever the USD touched the upper or the lower line of the channel, the prices continued its bearish trend. Furthermore the MA Oscillator may indicate a following downtrend with a breakthrough by the signal line.
[COLOR="Red"]USD/CZK[/COLOR]

With the beginning of February, the USD has been trading in a sideways trend versus the CZK. IGTFX reports During that time, IGTFX reports the currency pair could recover four times at its support around 18.8480. Recently, the USD has broken this support, but it seems that the prices could recover again. IGTFX reports Also the RSI indicator could support that with an increasing trend. It remains to be seen if the USD could cross its support from below today .
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  #3  
Old 05-03-2010, 12:48
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IGTFX technical analysis At the end of the week the USD and the JPY lost against its most traded counterparts. However, we wish you a relaxed weekend.
IGTFX technical analysis At the end of the week, the JPY weakened against the USD and the EUR on speculation that the Bank of Japan will step up its credit easing measures to stave off deflation. The EUR rose versus the JPY and reached 121.34. IGTFX reports The USD fetched 89.23 against the JPY. Furthermore the JPY lost versus all off its other most traded counterparts after the JPY borrowing costs fell in London and after the Nikkei English News said that without citing anyone, the central bank will likely discuss more monetary easing measures. Also the USD lost at the end of the week against 12 of 16 major counterparts on speculation that U.S. IGTFX reports payrolls will fall less than expected by economists. IGTFX reports This increased the demand for riskier investments.IGTFX reports The EUR dropped this week 0.2% against the USD and traded at 1.3600.

IGTFX reports U.S. Jobless Claims dropped to 469,000 with the end of the last month said the Labor Department yesterday. That compared with the economists. They expected a drop about 470,000.

AUD/JPY

IGTFX reports Since the beginning of February, the AUD could recover and has been trading in a bullish trend versus the JPY. Currently, the currency pair is trading around its important Fibonacci level at 80.30 (61.8%). At the moment, the price crossed this level but it remains to be seen if the AUD could confirm its breakthrough today. IGTFX reports Furthermore a crossing MA Oscillator through the signal line from below may indicate an increasing trend.
EUR/PLN

IGTFX reports With the beginning of February, the EUR has been trading in a bearish trend versus the PLN. At the middle of the current week, the currency pair crossed its Pivot Point at 3.9177 from the top, but now it seems that the second Pivot Point at 3.8930 could be strong enough to stop the downtrend. IGTFX reports A further signal for a pull back is maybe the RSI indicator which shows us a possible recovery.
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  #4  
Old 08-03-2010, 11:35
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Default IGTFX technical analysis 08-03-2010

IGTFX technical analysis , The repeatedly experience of cold and snowy weather this weekend has broken all hopes . Anyway, we hope you had a great weekend and wish you a successful trading week.

IGTFX reports The EUR gained against the USD and JPY as expectations climbed that the EU will support Greece. The EUR gained for a second day against the JPY after French President Nicolas Sarkozy said that the Euro region is ready to rescue Greece. IGTFX reports The European currency gained versus 12 of the 16 major currencies before a report today expects German industrial output climbed 1 percent in January after falling 2.6 percent the previous month. IGTFX reports The EUR/JPY reached its high at 123.80 after opening the week at 123.08 and a gain of more than 200 pips on Friday. IGTFX reports The EUR/USD gained for a second day as well. IGTFX reports The pair opened the week at 1.3619 and reached its daily-high at 1.3692.

IGTFX reports The JPY fell versus 15 of its 16 major counterparts as Asian shares extended a global stock rally, which curbed demand for the JPY as a refuge currency. IGTFX reports Today, the Nikkei 225 Stock Average headed for its biggest two-day gain in three months while the MSCI Asia Pacific Index of regional shares rose 1.6 percent. IGTFX reports The AUD/JPY climbed for a second day after touching a high at 82.50. IGTFX reports The NZD/JPY climbed to 63.45 before pulling back to 66.33.

[COLOR="Blue"]AUD/USD[/COLOR]

IGTFX reports As you can see, the AUD/USD has been moving along a bullish Fibonacci fan. IGTFX reports After touching the middle line of the fan during the past trading days, the market pulled back and reached the upper level of the fan, which is close to the first weekly pivot resistance. IGTFX reports While the RSI also signals an overbought market, we could expect a pullback towards the middle line of the Fibonacci fan.

[COLOR="Red"]USD/JPY[/COLOR]

Since February, the USD/JPY has been moving inside a bearish pitchfork channel. IGTFX reports After the market touched the middle of the pitchfork several times, it turned back and reached the top of the fork, trading below the resistance level at 90.80. As you can see, the MACD could signal further gains for the pair. IGTFX reports as If the pair breaks the resistance of 90.80, it may continue its bullish movement.
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  #5  
Old 09-03-2010, 11:55
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IGTFX technical analysis, welcome to our Daily FX Report. Today, we are

going to report about the Pacific currencies and the Asian economic. We

wish you a nice and successful trading day.

IGTFX reports The JPY gained the most in more than a week versus the

EUR on expectation that Japanese companies are bringing back earnings

back home before the nation’s fiscal year ends this month. IGTFX

reports The Japanese currency climbed versus all the 16 major

counterparts after Yi Gang, head of China’s foreign-exchange regulation

said that speculative capital is flowing into the country. IGTFX

reports The EUR/JPY fell to a low at 122.33 while the USD/JPY dipped to

89.88.

IGTFX reports The AUD/JPY fell the most since February 25th and reached

a low at 81.59 while the NZD/JPY reached a day-low at 62.70. IGTFX

reports Yesterday, the AUD traded near its strongest level in almost

seven weeks against the USD as private reports showed that job

vacancies jumped in February by the most in more than a decade and

business confidence climbed for a second month. IGTFX reports The NZD

dipped versus all the 16 major currencies after a government report

showed that the nation’s consumer purchases on debit, credit and store

cards fell for the first time in eight months. IGTFX reports The

AUD/NZD gained to 1.3018 after it reached a high at 1.3027.

[COLOR="Red"]GBP/AUD[/COLOR]

IGTFX reports As you can see, the GBP/AUD has been moving below a

bearish Fibonacci fan. After touching the lower line of the fan during

the end of February, the pair pulled down and reached the support level

around 1.6500. If the market doesn’t break the support line around

1.6500, IGTFX reports it might pull up towards the bearish Fibonacci

fan.

[COLOR="Blue"]GBP/CAD[/COLOR]

IGTFX reports Since the beginning of March, the GBP/CAD has been moving

inside a bullish trend channel. While the Bollinger bands maz signalize

a direction change, IGTFX reports the pair reached the lower line of

the short term bullish trend channel for the third time. If the market

will break the lower line of the channel, IGTFX reports we might be

able to see further bearish movements.
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  #6  
Old 10-03-2010, 10:40
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IGTFX technical analysis, The Chinese economic data seems to have an influence on the Japanese currency after the JPY fell against other currencies inside the Pacific region. Anyways, we wish you a nice trading day!

The JPY fell to a two-week low versus the NZD on speculation that the Japanese economic rebound will lag behind the rest of the Asia-Pacific region. The Japanese currency fell close to its deepest level in two weeks versus the AUD after a Chinese report today showed that the regions exports increased the most in three years. IGTFX demo China’s exports climbed 45.7 percent in the previous month from a year earlier. It was the third monthly increase and the biggest gain since February 2007. The figure was expected to increase just 38.3 percent, according to a survey. IGTFX demo The AUD/JPY has climbed for the fourth day in a row and rose to a high at 82.50, which was close to its highest level since February 22nd. IGTFX demo The NZD/JPY has gained to a high of 63.63, which is the highest peak since February 23rd. IGTFX demo The GBP fell versus all the 16 major currencies before a U.K. report today, is expected to show that manufacturers increased the production at a slower pace. According to a survey, the output in U.K. expended 0.2 percent in January from December. IGTFX demo The data for the month before showed an increase of 0.9 percent. IGTFX demo The GBP fell for a third day against the USD after it reached a low at 1.4957.

[COLOR="Red"]GBP/USD[/COLOR]

As you can see, the GBP/USD has been trading bearish from March 8th along the Fibonacci fan and broke two retracement levels. IGTFX demo After touching the 38.20% (around 1.4940), the pair pulled up, entered the bearish Fibonacci fan, but pulled down again after it touched the middle line of the fan. IGTFX demo This might be a sign for a continuing development along the fan on IGTFX demo, which shows in the direction of the 1.4940 support level.

[COLOR="Blue"]USD/JPY[/COLOR]

As you can see, the USD/JPY has been trading along a bearish trend channel with a support around 88.15, including the two resistance levels around 90.70 and 92.10. IGTFX demo The “Williams’ Percent Range” as well as the IGTFX demo “Stochastic Oscillator” both may signalize a continuing movement towards the support level around 88.15.
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  #7  
Old 11-03-2010, 11:39
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IGTFX forex We are still focused on the Asia-Pacific currencies while economists are speculating about the reaction of the Chinese government. IGTFX forex We hope you will enjoy it and wish you a relaxed and successful trading day.

Market review
IGTFX forex The JPY and USD climbed against a basket of major currencies after Chinese reports showed factories and loans fueled, which added to be concerned about inflation in the region and the government will act to damp more growth. IGTFX forex The speculation about an act from the Chinese government boosted demand for low-yielding currencies as the JPY pulled back from a twoweek low against the EUR. IGTFX forex China’s consumer prices climbed 2.7 percent from a year earlier in February while the Industrial output gained 20.7 percent in the first two months of the year. IGTFX forex The EUR/JPY fell from its yesterdays high at 124.00, which was its highest peak since February 23rd. IGTFX forex The JPY gained to a high of 123.02 versus the EUR. IGTFX forex The Japanese currency reached a dayhigh at 82.28 versus the AUD after it fell over the past four trading days. It finally pulled back from its low at 83.32, which was the lowest level since January 21st. The AUD fell against the USD as it has reached a seven-week high yesterday. IGTFX forex The bad performance may be caused by a report that published the nation’s employers added fewer jobs than economists expected. IGTFX forex The AUD/USD fell to a low at 0.9114 after it reached a high at 0.9193 yesterday, which was its strongest level since January 20th.
CAD/CHF

Since February 9th, the CAD/CHF has been moving inside a bullish trend channel and Fibonacci projection level. IGTFX forex After touching the 100% projection line around 1.0511 for the second time, the market pulled down and reached the lower line of the trend channel. IGTFX forex If the market could break out the bullish trend channel, it may fall towards the lower Fibonacci levels.

CAD/JPY

Since the beginning of February, the CAD/JPY has been trading in an N formation with a resistance point around 88.30. IGTFX forex Yesterday, the pair has shown a small break-out through the resistance level before coming back.IGTFX forex It depends whether the pair will show a clearly movement along the levels. IGTFX forex If the pair will show a strong break through the resistance around 88.30, it might continue its bullish trend inside the channel.
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  #8  
Old 12-03-2010, 12:05
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IGTFX technical analysis, Welcome to our Daily FX Report. We have reached Friday while we had an unpredictable and difficult trading week. IGT forex Nevertheless, we hope you had a successful one. IGT forex wishes u to Have a nice weekend.

Market review

IGT forex The JPY fell to a two-week low versus the EUR after Japanese Finance Minister Naoto Kan said that foreign-exchange intervention is always an option for the government if the currency movements are abrupt. IGT forex The JPY dipped versus all 16 major currencies after Prime Minister Yukio Hatoyama also said that the region’s government could take appropriate measures on the currency. IGT forex Another reason for the bad performance of the JPY could be the speculation that the BoJ will do a fund injection to the financial system to end deflation. IGT forex The BoJ will hold a two-day policy meeting on March 16th and 17th. According to two central bank officials, IGT forex the central bank’s easing options include an injection of 10 trillion JPY ($110 billion) to provide loans to banks. IGT forex The EUR/JPY climbed for a third day after touching a high at 124.17, IGT forex which was the highest level since February 23rd. IGT forex The USD/JPY also gained as it reached a high at 90.75, trading around the resistance level from December 04th 2009 (see report from March 10th). IGT forex The USD reached its fourth weekly gain versus the GBP before a report today is expected to show that confidence among the region’s consumers increased.

CHF/JPY

IGT forex Since February 23rd, the CHF/JPY has been moving inside the lower channel of Andrews’ Pitchfork, which starts at the beginning of February. After touching the 83.00 support level, the pair pulled up and reached the middle line of the Pitchfork. IGT forex Combined with the RSI analysis, we may expect that the middle line of the Pitchfork could give the market resistance to change the direction. IGT forex

GBP/NZD

IGT forex Since the beginning of February, the GBP has been trading along a bearish Fibonacci fan against the NZD. In addition, IGT forex we can see a resistance level around 2.1935 including a bearish trend channel, both starting at February 23rd. IGT forex We expect could a continuing bearish trend while we’ve four resistance levels above the market. IGT forex Should the pair cross over the 2.1935 resistance level, we might see a bullish trend reversal.
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Old 15-03-2010, 11:41
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IGTFX technical analysis, We’re proud to provide you with more important news and information related to the FOREX markets. on IGTFX mt4 We wish you a good start into the new trading week and successful trades.

Market Review – Fundamental Perspective
IGTFX mt4 The EUR started friendly into the new trading week and climbed near to a five week high versus the JPY as speculation the European Union may bail out Greece boosted demand for the 16- nation currency. IGTFX mt4 A Vienna-based newspaper reported that the Finance Ministers of the EU strapped a 55bln euro emergency package for Greece. IGTFX mt4 While the industrial output in the Euro- Zone strengthened with the strongest pace since the statistics began in 1990, IGTFX mt4 Eurostat reported Friday. IGTFX mt4 The industrial production rose 1.7 % from December. IGTFX mt4 Also the USD/JPY opened higher and rose near to a three-week high during the early Tokyo trading hours on concern that the Bank of Japan will take extra monetary-easing measures at its two-day policy meeting starting tomorrow. IGTFX mt4 Japan’s Prime Minister said last week that the government needs to stop the currency rising adding signs that the government rather the BoJ will intervene against its own currency. IGTFX mt4 “The currency is under pressure from growing expectations the Bank of Japan will ramp up quantitative easing to put an end to falling consumer prices”, said John Kyriakopouloa, head of currency strategy at National Australia Bank in Sydney.

Moody’s Investors Service told today that the U.S. as well as the U.K. moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debts rose. IGTFX mt4 Both countries will spend more on debt service this year than any other top-rated country.

New Zealand’s performance of service index climbed 0.6 points in February the Bank of New Zealand said today.

The USD declined against the CAD to the lowest level since July 2008 on speculation that the higher than expected increase in job creations lead Canada’s central bank to raise its key interest rates earlier. IGTFX mt4 Canada’s unemployment rate fell to 8.2% while economists expected 8.3%.

The NOK fell versus nine of the 16 most important counterparts after Norway’s Prime Minister pledged to curb the use of oil revenue in the 2011 budget to ensure interest rates stay low as the economy emerges from recession.
[COLOR="#ff0000"]USD/JPY[/COLOR] (4 Hour)

After the USD touched its lowest level on 4th of March the currency pair began to recover. IGTFX mt4 In order of this the USD crossed the 61.8% Fibonacci level around 90.71. IGTFX mt4 But it doesn’t seem that the bulls have enough power for further gains. IGTFX mt4 It remains to be seen if the support around 90.62 could be strong enough.

[COLOR="Red"]EUR/JPY [/COLOR](4 Hour)

Since the end of February the EUR/JPY has been trading in a bullish trend-channel and touched its resistance level around the 125.24 at last. IGTFX mt4 It seems that the currency pair may change-over in a short consolidation phase and we maybe have to allow some profit takings. IGTFX mt4 But as long as the trend-channel won’t be broken the EUR could be able to attack the 125.24 level again.
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Old 16-03-2010, 11:06
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IGTFX technical analysis survey stokes fears that the upcoming election may end in a minority government and strained the GBP. However, we wish you a nice and prosperous trading day.

IGFX technical analysis The GBP declined versus all of its 16 most traded counterparts and dropped against the USD the most in two weeks as a national poll showed that the U.K. may face a minority government after the upper house election this July. IGFX technical analysis The GBP/USD fell 1.1 percent to 1.5034 while the EUR/GBP rose 0.3 percent to 90.83 yesterday. IGFX technical analysis Futures traders at the CME are more bearish than ever on GBP amid concern that the currency’s worst annual start in 13 years will continue.IGFX technical analysis The bearish gamblers outnumber the bulls by eight times more than George Soros made $1bln betting against the sterling in 1992. IGFX The USD extended its gains versus the GBP during the early Asia trading hours on speculation that the Federal Reserve may eliminate its commitment to key interest rates near zero for an “extended period” at its meeting today. IGFX technical analysis The EUR/USD declined on Monday as euro-zone officials damped speculation down that the Finance Ministers will adopt a rescue strategy to bail out Greece this week. IGFX technical analysis The euro-zone still hopes that Greece’s budget cuts will make a bailout unnecessary. IGFX technical analysis
IGFX technical analysis, The CHF climbed against the EUR to its highest level in almost 17 months as a government report showed that the annual producer and import prices declined at the slowest pace in more than a year adding signs that the SNB may stop selling its own currency. IGFX technical analysis The central bank started selling a year ago to contain declining consumer prices and to prevent from a deflation.
IGFX technical analysis The AUD/JPY weakened for a second day on concern the minutes of its central bank’s March meeting will signal a slower pace to future interest rate increases after the bank already rose borrowing costs to 4 percent at its gathering.
IGFX technical analysis The demand for NZD/USD was limited on concern a U.S. IGFX technical analysis report may show that the housing starts dropped in February; raising speculation the global recovery is slowing which cuts demand for so called higher-yielding assets.IGFX technical analysis
Daily Technical Analysis from IGFX technical analysis - Our Focus Currencies for Today

[COLOR="Blue"]GBP/USD (2 Hour)[/COLOR]

IGFX technical analysis After the GBP broke through its short-term support as shown in our report yesterday, the currency pair declined near to the 1.5000 level. IGFX technical analysis Thus it seems unlikely to cross the overall longterm bearish trend-line rather we maybe have to allow for a continuing bearish movement near to 1.4872 if the support around the 1.5000 level won’t be strong enough.IGFX technical analysis

[COLOR="Red"]EUR/GBP (2 Hour)[/COLOR]

IGFX technical analysis Since the middle of February the EUR/GBP has been trading close to a bullish trend-line and touched already its resistance around 0.9143 twice. IGFX technical analysis Now it remains to be seen if the trend could support the bulls once again to climb over the resistance around 0.9100 otherwise it may fall back near to its support around 0.9046.IGFX technical analysis
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Old 17-03-2010, 11:26
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IGTFX technical analysis, The Federal Reserve extended its low-borrowing-cost policy once again and higher prices for raw material affected parts of the FOREX market especially the higher yielding assets. IGTFX technical analysis Enjoy the report and have a nice trading day. IGTFX
IGTFX. The Federal Reserve kept the federal funds rate target for overnight loans between banks near zero and repeated its pledge to keep it there for an “extended period”. IGTFX The Fed also said that the emergency measures to prop up the housing market will end as planned this month. IGTFX After this decision the JPY climbed near to a one-week high versus the USD on concern the Bank of Japan will abstain from significant easing measures. IGTFX The EUR/JPY opened the Asia session higher and may head for a second winning day as the rating agency Standard & Poor’s affirmed its BBB+ long-term rather A-2 short-term credit rating for Greece. IGTFX The GBP/AUD raised more than 130 pips yesterday as U.K. stocks strengthened and a new poll eased concern that the election this year won’t produce a clear winner.IGTFX

IGTFX The CAD rose to the strongest level in almost two-years against the USD. IGTFX It climbed as much as 0.6 percent at its highest level as gold and crude oil gained. IGTFX Raw materials account about half of Canada’s export sales.

IGTFX The CHF strengthened against 12 of its 16 most active traded counterparts as the government raised its forecast for 2010 growth amid improved consumer spending. IGTFX The State Secretariat for Economic -IGTFX- Affairs said the Swiss gross domestic product may expand 1.4 percent this year. The USD/CHF declined yesterday from 1.0619 at its opening to 1.0534 at its lowest level. IGTFX

IGTFX Also the AUD gained versus the JPY as well as the USD as raw material prices increased. IGTFX The AUD/USD touched a two-month high while the AUD/JPY traded nearly unchanged around 83.00 level during the early Tokyo trading hours. IGTFX The NZD, as well a commodity-linked currency, IGTFX climbed to a six-week high against the USD yesterday but as a report showed this morning that New Zealand’s consumer confidence declined for a second quarter it came under pressure and lose some of its earlier gains. IGTFX

IGTFX Daily Technical Analysis - Our Focus Currencies for Today

[COLOR="#ff0000"]USD/JPY [/COLOR](2 Hour)

IGTFX Since the middle of January the USD/JPY has been trading close to a bearish trend line. IGTFX After the USD reached its lowest level at the end of February the currency pair started a recovery phase close to a bullish trend-line as you can see in the picture. IGTFX A rising Momentum may indicate further bullish movements near to the resistance around 90.82. IGTFX

[COLOR="#000000"][COLOR="Red"]EUR/JPY[/COLOR][/COLOR] (2 Hour)

IGTFX The EUR/JPY broke through its mid-term bearish trend-line after it fell to the 120.00 level last month and crossed the third Fibonacci fan at last. IGTFX But the falling positive DMI and an ADX at such a low level could indicate that the bulls have not enough assistance to cross the next resistance at 124.48. IGTFX If the currency pair will fail to cross it may decline near to the next support around 123.67 rather its bullish-line. IGTFX
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Old 18-03-2010, 12:06
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IGTFX technical analysis
It still seems that Europe’s officials can’t agree upon a rescue package for Greece and thus the FOREX market seems to react very sensitive of every new related report. However, we wish you a nice and successful trading day.

IGTFX live chat, Yesterday the EUR/USD fell from a five-week high having a spokesman for the German Chancellor Angela Merkel’s party said that Greece should go to the International Monetary Fund if it needs help and damped speculation that the European Union may adopt a rescue package for Greece. Due to the fact that Standard & Poor’s decided to left Greece credit ratings unchanged the expectations for price swings in the EUR/USD declined to a 19-month low. IGTFX live chat, The one-month volatility, used to price options, showed that traders expect movements of only 9.08 percent, the lowest level since August 2008. IGTFX live chat, After the EUR rose versus the JPY initially as the Bank of Japan extended a loan program to combat the national deflation the currency pair rebounded during the course of the day related to the most discussed topic, Greece. IGTFX live chat, The GBP rose against the USD from 1.5243 at its opening to 1.5382 at the highest level as a U.S. IGTFX live chat, report showed that the wholesale price declined in February more than expected. IGTFX live chat, The 0.6 percent decrease was the biggest since July 2009 adding signs that the U.S. inflation pressure is cooling down and may assist the Fed for its low-borrowing-cost policy.IGTFX live chat,

IGTFX live chat, The CAD expanded its gains against the USD and approaches the parity level. IGTFX live chat, The USD/CAD weakened to 1.0071, the lowest level in almost 20 months on concern that a Canadian report may show tomorrow that the consumer price index increased 0.3 percent in February.IGTFX live chat,

IGTFX live chat, The higher yielding assets AUD and NZD started friendly into the Asian session today as gains in stocks and especially in continuing gains in commodities. IGTFX live chat, Furthermore the AUD profits from so called “carry trades”. IGTFX live chat, The benchmark interest rate is 4 percent in Australia and compared with the counterparts in the U.S. rather Japan which are around 0.1 percent it seems very worthwhile for some traders.

IGTFX live chat, Daily Technical Analysis - Our Focus Currencies for Today


EUR/USD (Daily)

IGTFX live chat, After the EUR/USD traded close to a bearish trend-line from December till March it recovered and is still trading close to a young bullish trend-line. IGTFX live chat, After the currency pair crossed the bearish trend it touched its next resistance around 1.3797 but failed to cross it. IGTFX live chat, As you can see, the stochastic indicator touched the same high level as two times before which heralded strong bearish movements in the past.IGTFX live chat,

EUR/JPY (4 Hour)
IGTFX live chat, After the EUR/JPY reached its resistance at 125.06 yesterday for the second time this week it rebounded and fell near to its bullish trend-line. IGTFX live chat, This trend-line runs close to the 50% Fibonacci Fan and seems to have enough power to support the bulls. IGTFX live chat, The low level of the stochastic indicator may also suggest upcoming bullish movements. IGTFX live chat,
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Old 19-03-2010, 12:04
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IGTFX technical analysis,
igt fx, Speculations related to Greece’s rescue package go to the next round and it remains to be seen how long the speculation will go on until Europe may find a join solution. igt fx, However, we hope you enjoyed the first week with our expanded igt fx, Report and wish you a nice weekend.igt fx,

igt fx, Market Review – Fundamental Perspective

igt fx, The EUR weakened versus the USD to the lowest level since the 10th of March to 1.3587 as Greece’s prime minister set a one-week deadline for the European Union to set up a financial rescue package and raised fears that Greece will fail to secure financial assistance from the EU. igt fx, Also the EUR/CHF boosted its downward trend once again and declined near to its lowest level in 17 months as Jean-Pierre Danthine, a SNB Government Board member said yesterday that policy makers can’t keep borrowing costs near zero for an extended period of time and maintain purchases of foreign currencies indefinitely. igt fx, The GBP/USD recovered and compensated its Wednesday’s gains as the Federal Reserve Bank of Philadelphia economic index rose to 18.9 percent from 17.6 one month earlier, readings greater than zero indicate growth. igt fx, Foreign long- igt fx, Term investments in the USA, including setting up wholly owned subsidiaries, joint ventures and buying stakes in existing American companies decreased last year to $152.1bln from $319.7bln in 2008, a Commerce Department report showed yesterday. U.S. investments abroad fell 33 percent last year to the lowest level since 2005. igt fx, The national current account deficit narrowed to $419.9bln in 2009, the smallest since 2001, according to the Commerce Department. igt fx, The USD/JPY closed nearly unchanged at 90.45 after opening at 90.37.igt fx,

igt fx, As prices for the April delivery of crude oil declined 0.9 percent on the NYMEX the USD/CAD rebounded after a two-days winning streak near to the parity. igt fx, The USD closed on Thursday near its highest level against the CAD at 1.0141 and rose up to the 1.0152 level during the early Asia trading hours tonight.igt fx,
igt fx, The AUD/NZD headed for its biggest increase since December on speculation the interest rate gap between both nations will narrow. igt fx, The AUD fell against the NZD from 1.2932 at its opening to 1.2855 at its lowest level.
igt fx, Daily Technical Analysis - Our Focus Currencies for Today
EUR/USD (1 Hour)

igt fx, While the EUR/USD crossed its resistance around the 1.3797 level as shown in the yesterday’s report the currency pair rebounded heralded by a long packing Doji close to a bearish trend-line. igt fx, For the time being it seems that the support around 1.3597 stops the bearish movement. igt fx, The RSI may show nearly an oversold market even though the short-term moving average is still trading lower than its long-term counterpart and maybe won’t suggest a trend-reversal shortly. igt fx,

USD/JPY (4 Hour)

igt fx, After the USD traded bearish versus the JPY during the end of February it recovered close to a bullish trend-line. igt fx, Having the currency pair crossed this line and lost its support it has been trading in a bearish trend-channel mostly between the 50.0% rather 61.8% Fibonacci retracement line. igt fx, It remains to be seen if the currency pair could break through one of them, the contracting Bollinger Bands may suggest an upcoming break-out.
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  #14  
Old 22-03-2010, 13:06
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IGTFX technical analysis
We hope you enjoyed your weekend and could start relaxed into the new trading week. Around the world speculation regarding raising interest rates affected the FOREX market.IGTFX technical analysis It seems that more and more central banks are looking for the exit of the quantitative easing policy. However, we wish you a successful trading day.IGTFX technical analysis

IGTFX technical analysis Market Review – Fundamental Perspective

IGTFX technical analysis The JPY rose against 12 of its 16 most-traded counterparts on concern the Bank of Japan may increase its key interest rates at its next meeting on April 7th. IGTFX technical analysis Some economists expect that the BoJ may end its low-borrowing-cost policy after the Reserve Bank of India unexpectedly raised its interest rates last week and on concern that also policy makers in China may follow. IGTFX technical analysis The CHF/JPY rose from 84.97 at its opening to 85.37 at its highest level during the early Asia trading session. The EUR/USD is continuing the bearish trend from last week and fell during the Tokyo trading hours to 1.3511 as on speculation that the German Chancellor let fail a summit regarding a Greece rescue package this week. IGTFX technical analysis While the most of all Euro-Zone Ministers prefer to adopt emergency measures for Greece the German Chancellor Angela Merkel may block this plan a German newspaper reported. IGTFX technical analysis Merkel told in an interview yesterday that EU leaders must not create “illusions” for markets by building expectations for Greek aid. IGTFX technical analysis The EUR/CAD fell to the lowest level since November 2007 to 1.3632 amid speculation that the Bank of Canada may also exit the low-borrowing-cost policy and could increase interest rates soon. IGTFX technical analysis The GBP tumbled against the EUR and the USD having the Bank of England policy maker Andrew Sentance said that Britain may return to recession adding signs that the BoE need to keep the interest rates at the current record low. IGTFX technical analysis Advanced economies face “acute” challenges in tackling high public debt and unwinding existing stimulus measures will not come close to bringing deficits back to prudent levels, said John Lipsky, first deputy managing director of the International Monetary Fund in a speech yesterday at the China Development Forum in Bejing. IGTFX technical analysis

IGTFX technical analysis The AUD/USD began the week bearish after it closed at 0.9154 on Friday near its previous week closing. IGTFX technical analysis The currency pair rebounded after the Reserve Bank of India increased the interest rates and on declining commodity prices. Due to the same reason the NZD/USD weakened as well. IGTFX technical analysis

IGTFX technical analysis Daily Technical Analysis - Our Focus Currencies for Today

EUR/USD (Daily)

IGTFX technical analysis Since December 2009 the EUR/USD has been trading in a bearish environment and according to our last report we saw further bearish movements on Friday. IGTFX technical analysis The chart shows a complete flag formation and may suggest continuing downward movements. IGTFX technical analysis On the other hand-site the negative DMI indicator failed to cross the 30 level and rebounded which could be an indicator for less bearish power. IGTFX technical analysis It remains to be seen if the next support around 1.3482 could stop the trend. IGTFX technical analysis

CHF/JPY (1 Hour)

IGTFX technical analysis Since the currency pair lost its support of the bullish trend-line last Thursday it traded in a trendless zigzag movement. IGTFX technical analysis If we consider the MACD indicator, which may denote that the youngest bearish movement may not have enough power to break through the support around 85.14, it maybe suggest that the CHF/JPY could confirm a new bullish trend-line. But it remains to be seen if the currency pair could cross the next resistances around 85.37 rather 85.72. IGTFX technical analysis
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  #15  
Old 23-03-2010, 15:19
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Tuesday, March 23, 2010
IGTFX technical analysis. The CHF seems to be one of the winners of the Greece discussion and climbed to its highest level since EUR introduction in 1999. IGTFX technical analysis, However, we wish you successful trades and enjoy your day. IGTFX technical analysis,
Market Review – Fundamental Perspective IGTFX technical analysis,
The CHF climbed versus the EUR to its highest level since before the 16-nation currency was set up in 1999 as traders bet that the Swiss National Bank may relaxing its policy of selling CHF to curb its strength. The demand for the CHF as a refuge also boosted a new speculation that the Euro-Zone Ministers may deny any financial rescue measures for Greece affected the FOREX market. IGTFX technical analysis, The President of the European Central Bank, Jean-Claude Trichet, spoke out against offering low-interest loans for which the Greek government asks for while the German Chancellor Angela Merkel argues for sanctions against nations that breach the deficit limits of the Euro-Zone. IGTFX technical analysis, In the course of the day the EUR/USD recovered after three bearish trading days and rose to 1.3568 at the highest level as Luxembourg’s Jean-Claude Juncker, who heads the group of euro-region finance ministers, said that the EU will not “abandon” Greece. The GBP strengthened against 15 of its 16 most-important counterparts on Monday. IGTFX technical analysis, The EUR/GBP weakened from 0.9017 at its opening and touched the lowest level at 0.8971. IGTFX technical analysis,
The AUD and NZD decreased against the JPY on speculation that Japanese companies will bring home their overseas earnings before the fiscal year ends next week. The NZD/USD compensate its yesterday losses during the early Asia trading session on concern a report may show this week that New Zealand’s economy grew at the fastest pace since two years. IGTFX technical analysis, Economists expect that the gross domestic product may grow 3.1 percent in the year ending in March 2011. IGTFX technical analysis,
The USD/CAD extended its recovery phase after the currency pair fell last week near to the parity on speculation that the bullish CAD rally last week was too fast to be sustained. IGTFX technical analysis, The currency pair rose yesterday from 1.0166 at its opening to 1.0244 at the highest level. IGTFX technical analysis, Also the EUR climbed against the CAD after three bearish trading days as crude oil, one of the most important exports for Canada, touched a two-week low at 78.57. IGTFX technical analysis,

IGTFX technical analysis, Daily Technical Analysis (In this section we provide chart analysis)
Our Focus Currencies for Today
EUR/CHF (Daily)

IGTFX technical analysis, The EUR/CHF has been trading in a bearish environment and boosted its downward movement obviously at last. In order of that the currency pair fell to a new all-time low yesterday. IGTFX technical analysis, From a technical point of view it seems that there are currently no support levels, except the RSI indicator which could show a strongly oversold market and may suggest profit takings. IGTFX technical analysis,
IGTFX technical analysis, Intraday Support & Resistance (Daily)
Support Levels around Resistance Levels around
N/A 1.4399
N/A 1.4530
N/A 1.4646
EUR/USD (1 Hour)

IGTFX technical analysis, The currency pair rebounded yesterday from its early losses as the short-term moving average crossed the mid- rather long-term counterpart. IGTFX technical analysis, But after the EUR bulls failed to cross the resistance level around 1.3567 close to the 38.2% Fibonacci Fan line it suggests a test of the support area on the downside around 1.3539, especially in considering due to the fact that the short-term moving average tumbled again. IGTFX technical analysis,
IGTFX technical analysis, Intraday Support & Resistance (H1)
IGTFX technical analysis, Support Levels around Resistance Levels around
85.14 85.37
84.86 85.72
N/A 85.86
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  #16  
Old 24-03-2010, 11:54
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Tuesday, March 23, 2010
IGTFX technical analysis. The CHF seems to be one of the winners of the Greece discussion and climbed to its highest level since EUR introduction in 1999. IGTFX technical analysis, However, we wish you successful trades and enjoy your day. IGTFX technical analysis,
Market Review – Fundamental Perspective IGTFX technical analysis,
The CHF climbed versus the EUR to its highest level since before the 16-nation currency was set up in 1999 as traders bet that the Swiss National Bank may relaxing its policy of selling CHF to curb its strength. The demand for the CHF as a refuge also boosted a new speculation that the Euro-Zone Ministers may deny any financial rescue measures for Greece affected the FOREX market. IGTFX technical analysis, The President of the European Central Bank, Jean-Claude Trichet, spoke out against offering low-interest loans for which the Greek government asks for while the German Chancellor Angela Merkel argues for sanctions against nations that breach the deficit limits of the Euro-Zone. IGTFX technical analysis, In the course of the day the EUR/USD recovered after three bearish trading days and rose to 1.3568 at the highest level as Luxembourg’s Jean-Claude Juncker, who heads the group of euro-region finance ministers, said that the EU will not “abandon” Greece. The GBP strengthened against 15 of its 16 most-important counterparts on Monday. IGTFX technical analysis, The EUR/GBP weakened from 0.9017 at its opening and touched the lowest level at 0.8971. IGTFX technical analysis,
The AUD and NZD decreased against the JPY on speculation that Japanese companies will bring home their overseas earnings before the fiscal year ends next week. The NZD/USD compensate its yesterday losses during the early Asia trading session on concern a report may show this week that New Zealand’s economy grew at the fastest pace since two years. IGTFX technical analysis, Economists expect that the gross domestic product may grow 3.1 percent in the year ending in March 2011. IGTFX technical analysis,
The USD/CAD extended its recovery phase after the currency pair fell last week near to the parity on speculation that the bullish CAD rally last week was too fast to be sustained. IGTFX technical analysis, The currency pair rose yesterday from 1.0166 at its opening to 1.0244 at the highest level. IGTFX technical analysis, Also the EUR climbed against the CAD after three bearish trading days as crude oil, one of the most important exports for Canada, touched a two-week low at 78.57. IGTFX technical analysis,

IGTFX technical analysis, Daily Technical Analysis (In this section we provide chart analysis)
Our Focus Currencies for Today
EUR/CHF (Daily)

IGTFX technical analysis, The EUR/CHF has been trading in a bearish environment and boosted its downward movement obviously at last. In order of that the currency pair fell to a new all-time low yesterday. IGTFX technical analysis, From a technical point of view it seems that there are currently no support levels, except the RSI indicator which could show a strongly oversold market and may suggest profit takings. IGTFX technical analysis,
IGTFX technical analysis, Intraday Support & Resistance (Daily)
Support Levels around Resistance Levels around
N/A 1.4399
N/A 1.4530
N/A 1.4646
EUR/USD (1 Hour)

IGTFX technical analysis, The currency pair rebounded yesterday from its early losses as the short-term moving average crossed the mid- rather long-term counterpart. IGTFX technical analysis, But after the EUR bulls failed to cross the resistance level around 1.3567 close to the 38.2% Fibonacci Fan line it suggests a test of the support area on the downside around 1.3539, especially in considering due to the fact that the short-term moving average tumbled again. IGTFX technical analysis,
IGTFX technical analysis, Intraday Support & Resistance (H1)
IGTFX technical analysis, Support Levels around Resistance Levels around
85.14 85.37
84.86 85.72
N/A 85.86
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  #17  
Old 25-03-2010, 11:08
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IGTFX technical analysis, Maybe the discussions related to financial measures for Greece come to an end and the 16 euronations may find a joint solution for the worst-case scenario if Greece couldn’t get enough liquidity at the market to refinance their payable debts.IGTFX , However, we wish you a nice day and successful trades.IGTFX technical analysis
Market Review – Fundamental Perspective

IGTFX , The EUR slid against the USD to a 10-month low as Fitch Ratings downgraded Portugal’s credit grade to AA- with a negative outlook. IGTFX , The 16-nation currency also weakened against 12 of its 16 most-traded counterparts after French and German leaders agreed any Greek financial measures would require help from the International Monetary Fund. IGTFX , The EUR/CHF keep on moving near its all-time low on concern the Swiss National Bank is abandoning a policy of curbing the CHF gains. IGTFX , “Right now it’s uncertain whether Greece will get bailed out and by whom.IGTFX , ” This, coupled with Portugal’s downgrade, has everyone moving away from the EUR”, a currency strategist said yesterday. The GBP/USD tumbled as the IGTFX , U.K. IGTFX , government published the budget-plan for 2010/2011 which showed that the deficit will widen to 11.8% of the GDP. The currency pair fell to 1.4864 at its lowest level after opening at 1.5048.IGTFX ,

IGTFX , The USD/NOK climbed from 5.9433 at its opening to 6.0413 at its closing as the Norwegian central bank decided to maintain its key interest rates at 175bps at its meeting today.IGTFX ,

IGTFX , The CAD declined against the USD as the Bank of Canada Governor, Mark Carney, reiterated that the commitment to keep interest rates at a record low through June “is expressly conditional on the outlook for inflation”. IGTFX , Furthermore falling crude oil prices put pressure on the CAD. IGTFX , The price for the May contract delivery fell by 1.8%, crude oil is the most important export of Canada.IGTFX ,

IGTFX , New Zealand’s gross domestic product rose 0.8% from the previous three months as consumer spending, manufacturing and house construction increased in the last quarter of 2009, a report showed today in Wellington. IGTFX , It was the fastest pace in two years and more than economists expected. IGTFX , After the NZD/USD dropped yesterday from 0.7075 to 0.7020 the currency pair started friendly in the Asia session and recovered to 0.7035.IGTFX ,
IGTFX , Daily Technical Analysis - Our Focus Currencies for Today
EUR/USD (Daily)

IGTFX , On a long-term view the EUR/USD has been trading in a bearish trend-channel since November 2009 and seems to completing the second bearish flag-formation. In order to this, the currency pair crossed the 28.6% Fibonacci retracement line around 1.3411 and lost its support. IGTFX , Also the MACD indicator may denote further bearish movements. On the other hand-side the falling negative DMI may indicate less power on the downside.IGTFX ,

IGTFX , Intraday Support & Resistance (Daily)Support Levels around IGTFX , Resistance Levels around
1.3243 1.3411
1.3113 1.3743
N/A 1.4011
EUR/CHF (1 Hour)

IGTFX , The EUR/CHF has been trading close to a bearish trend-line and touched a new all-time low this week. IGTFX , At this low level it seems that the currency pair tries to build a new basement and rebounded near to the first bearish trend-line. IGTFX , The short-term moving average (yellow-line) reversed once again and if it could cross its long-term counterpart it may herald further bearish movements. IGTFX , On the other hand-site the Stochastic could suggest increasing bull’s power.IGTFX ,



IGTFX , Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
1.4260 1.4292
1.4234 1.4303
N/A 1.4329
IGTFX
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  #18  
Old 26-03-2010, 13:13
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IGTFX IGTFX technical analysis , The EU leaders found a joint solution for Greece debt difficulties at a summit on Thursday evening finally. IGTFX IGTFX It remains to be seen if that would help to stabilize the EUR. IGTFX However, we wish you a successful trading day and have a nice weekend. IGTFX

IGTFX Market Review – IGTFX Fundamental Perspective

IGTFX Before the EU summit yesterday evening the EUR extended its losses versus the USD touching its lowest level at 1.3268. IGTFX Weeks of speculation and uncertainty how the euro-nations could help Greece for the case of illiquidity came yesterday evening to an end as the leaders of all 16-euronations endorsed a joint proposal of France and Germany for a mix of IMF and bilateral loans. IGTFX , Each country would provide non-subsidized loans to Greece based on its stake in the ECB, a statement said. IGTFX , Altogether Europe would provide more than half the loans and the International Monetary Fund brings the rest. IGTFX , Nevertheless the loans will only be paid if Greece has no more options at the market to refinance its debts. IGTFX , Every euro-nation needs to validate this fact and have a veto. IGTFX , After the summit the EUR rose versus 14 of its 16 most-traded counterparts as Jean-Claude Trichet, President of the ECB said that he was “happy” that the region found a solution. IGTFX , The EUR/JPY gained yesterday for the second day to 123.90 at the highest level while the EUR/GBP closed nearly unchanged at 0.8961. IGTFX , The JPY strengthened from a 10-month low against the USD on speculation that Japanese exporters took advantage of its largest weekly loss this year to purchase the currency before the fiscal year will ends next week. IGTFX , Japan’s consumer prices declined for the 12th month in February, the statistic bureau in Tokyo said today. Prices excluding fresh food slid 1.2 percent from a year earlier. The GBP/USD declined as U.K. IGTFX , Chancellor of the Exchequer Alistair Darling said that the revised down his growth forecast for 2011, in line with the Bank of England forecast. IGTFX ,
IGTFX , The NZD climbed versus the JPY as the national trade surplus widened in February after rising commodity prices and a seasonal increase in farm production stoked exports. IGTFX , The AUD/USD heading for the first weekly loss this month and traded near the lowest level since March 9th on concern the Greece rescue package may curb demand for the so called higher yielding assets. IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today


EUR/USD (1 Hour)

IGTFX , During the Europe session the currency pair fell near to its daily support level around 1.3243, as shown in the report yesterday, before the EUR/USD recovered in the late U.S. trading hours. IGTFX , From the point of recovery the short-term moving average reversed its movement and seems to cross its long-term counterpart shortly. IGTFX , This maybe boosts the bulls and could be the beginning of an attack to the bearish trend-line. IGTFX , The ADX may show that the bearish power is nearly zero. IGTFX ,

IGTFX , Intraday Support & Resistance (H1)Support Levels around Resistance Levels around
1.3310 1.3324
1.3295 1.3375
1.3271 1.3435

EUR/JPY (4 Hours)

IGTFX , The EUR/JPY has been moving in a zigzag movement. IGTFX , As you can see the currency pair fell this week near to the March opening until it rebounded again. IGTFX , But now it seems that the bulls failed to cross the resistance around 123.49 and a long roving Doji may suggest a trend-reversal. IGTFX , Also the Commodity Channel Index may indicate a bearish trend as it crossed its +100 line yesterday.

IGTFX , Intraday Support & Resistance (H4)Support Levels around Resistance Levels around IGTFX ,
122.80 123.49
122.18 123.96
121.54 124.53
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  #19  
Old 29-03-2010, 11:03
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IGTFX technical analysis, Today, we are looking to report about the JPY, IGTFX , AUD, EUR and USD. We are also expecting a lot of economic data this week, IGTFX , which could be important indicators for the currency movements. IGTFX , Anyways, we hope you had a great weekend and wish you a nice start in the new trading week. IGTFX ,

IGTFX , Market Review – IGTFX , Fundamental Perspective
IGTFX , The JPY dropped versus most of its major counterparts as signs the global economic recovery is gathering momentum, IGTFX , which sparked demand for higher yielding assets. IGTFX , The USD climbed towards an 11-week high versus the JPY before reports this week, IGTFX , which are from economists expected may show that U.S. IGTFX , labor market is improving. IGTFX , According to a survey, the U.S. IGTFX , may have added 190,000 jobs in March, which would be the most since March 2007. IGTFX , The EUR/USD climbed with a gap and touched the resistance level at 1.3464 before pulling back to 1.3435. IGTFX , The JPY climbed against almost all the major currencies including the CHF after it reached a high at 87.45, IGTFX , which was the highest peak since the end of January. IGTFX ,

IGTFX , The AUD also gained after expectations that the Reserve Bank of Australia may lift its benchmark interest rate to rein inflation. IGTFX , Australia’s retail sales climbed 0.3% in February, after gaining 1.2 percent the previous month, according to a median forecast of economists. IGTFX , Australia’s central bank will hold its next policy meeting on April 6th. IGTFX , The AUD/JPY climbed towards its highest level since the middle of January after it boosted over 60 pips reaching a high at 84.27. IGTFX , The strong AUD also climbed against the USD after it crossed its resistance level around 0.9060 and left the bearish trend channel. IGTFX , The EUR/AUD fell back after it reached a high at 1.4948, the highest point since March 17th.IGTFX ,

IGTFX , The EUR strengthened for a fourth trading day against the JPY after concern about Greece’s financial situation abated and speculation that the 16-nation region’s economic recovery could get derailed were reduced. The EUR/JPY pulled back a bit after it gained to a high at 124.97, IGTFX , which is a resistance level from March 15th and February 22nd. It climbed for a second day against the GBP after it reached a high at 0.9039.

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today


IGTFX , EUR/USD (1 Hour)

IGTFX , After falling along the bearish pitch and reach a low around 1.3266, the EUR/USD pulled up and started a bullish phase along an upward trend line. IGTFX , After it crossed the upper line of the downward pitchfork, the pair reached a new high near 1.3461 which is very close to its resistance level from March 22nd. IGTFX , If the market cross the resistance level around 1.3464, it may continue its bullish phase along the upward trend line. IGTFX ,
IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around
1.3372 1.35
1.3325 1.3544
1.3266 1.3567

IGTFX , USD/JPY (1 Hour)

IGTFX , After unexpectedly rising to its highest peak since the beginning of the year, the USD/JPY pulled down a bit and is currently moving close to the support level around 92.30. As you can see, IGTFX , the Bollinger Bands are signalizing a direction change while they are moving close together. If the market breaks the support line around 92.30, IGTFX , the market may recover back from its abrupt increase. IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (H1)Support Levels around IGTFX , Resistance Levels around
92.3 92.66
92.1 92.8
91.74 92.93
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  #20  
Old 30-03-2010, 10:42
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IGTFX technical analysis, South pacific markets will be on the main focus in our report today. IGTFX , The higher-yielding NZD and AUD performed huge monthly profits against lower-yielding pairs like the USD and the JPY. IGTFX ,

IGTFX , Nevertheless, IGTFX , we wish you a nice and successful trading day!


IGTFX , Market Review – IGTFX , Fundamental Perspective

IGTFX , The NZD gained to its highest level since the middle of January at 65.93 IGTFX , against the JPY before a government report showed that the nations’ home-building approvals gained in February for the first time in three months. Permits to build homes in IGTFX , New Zealand increased 5.9 percent in February, IGTFX , which pushed speculations that residential construction will help accelerate the nations’ economic growth this year and spurs the central bank to raise its benchmark interest rate. IGTFX , The AUD gained over its resistance level from the end of February before reports tomorrow, IGTFX , are expected to show that retail sales gained 0.3 percent in February and building approvals rose 2.1 percent, IGTFX , according to surveys of economists. IGTFX , IGTFX , A lot of statistics and surveys give also a sign IGTFX , that the Reserve Bank of Australia will increase its target rate on the coming policy meeting on April 6th.IGTFX ,

IGTFX , The NZD has gained for a fourth day versus the USD, IGTFX , trading around 0.7100 while it fell for a second day against the strong EUR, coming back from a high at 1.9018. IGTFX , The NZD gained 1.6 percent versus the USD this month while the AUD/USD climbed 2.4 percent. Against the JPY, IGTFX , the NZD and the AUD added a 5.3 percent and a 6.1 percent monthly-gain. IGTFX , Benchmark interest rates are 4 percent in Australia and 2.5 percent in New Zealand, IGTFX , compared with 0.1 percent in Japan and as low as zero in the U.S., IGTFX , spurring demand to the South Pacific nation’s higheryielding assets.IGTFX ,

IGTFX , The JPY extended its gains from its almost three-month low versus the USD after Japan’s industrial production fell in February IGTFX , and the unemployment rate held at the lowest level since March 2009. IGTFX , The Jobless rate stayed at 4.9 percent after two monthly declines. IGTFX , Separate government reports today showed a 0.5 percent drop in February house spending, IGTFX , which was the first decline in seven months. IGTFX , The USD/JPY fell to a low near 92.12 after it reached a daily high around 92.95 last Thursday.IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today

NZD/JPY (1 Hour)

IGTFX , Since March 24th the NZD/JPY has been moving above a bullish Fibonacci fan. IGTFX , After recovering below the resistance level around 65.65, the pair reached the upper level of the fan for the second time. IGTFX , As you can see, IGTFX , the MACD may still signalize a bearish recovery. IGTFX , If the pair enters the Fibonacci fan, we might see further falls towards the support levels around 65.11 and 64.85. IGTFX ,

IGTFX , Intraday Support & Resistance (1 Hour) Support Levels around Resistance Levels around . IGTFX ,
65.11 65.65
64.85 65.75
64.5 65.95

EUR/JPY (Daily)

IGTFX , Since the beginning of the year, the EUR/JPY has been falling along a downward Fibonacci fan. IGTFX , As we can see, IGTFX , the market reached the horizontal resistance around 125.00 for the third time after it entered back the upper area of the fan last week. IGTFX , If the market doesn’t break the resistance line around 125.00 but break the Fibonacci fan, IGTFX , it might continue it’s sideways movement below the resistance point. IGTFX , If the pair not even breaks the fan, we might see further bearish movements. IGTFX ,



Intraday Support & Resistance (Daily) Support Levels around Resistance Levels around
121.9 125
121 126.35
120.1 127.25

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  #21  
Old 31-03-2010, 12:32
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IGTFX technical analysis Market Review – igtfx , Fundamental Perspective

igtfx , The GBP gained for a third day versus the USD after reports showed the U.K. igtfx , gross domestic product increased more than expected in the fourth quarter while house-prices grew as well. igtfx , The GBP performed its biggest gain since October versus the EUR as the Office for the National Statistics published that the U.K. igtfx , economy grew 0.4 percent in the last three months of 2009, compared with a previous estimate of 0.3 percent. igtfx , The GBP gained versus the JPY as well after it showed its sixth daily gain and reached its highest point since February 23rd. igtfx , The Nationwide Building Society said the average cost of a home rose 0.7 percent from February igtfx , and 9 percent from the last year. igtfx , The GBP/JPY climbed to a high near 140.63 while the EUR/GBP has fallen to a low around 0.8878. igtfx ,

igtfx , The AUD has fallen against the igtfx , USD and the igtfx , igtfx , NZD after retail sales and home-building approvals unexpectedly fell in February, igtfx , which decreased pressure on the central bank to raise the benchmark interest rate next week. igtfx , Australian retail sales fell 1.4 percent in igtfx , February while the median forecast of 19 economists expected a 0.3 percent increase. igtfx , The nations’ building approvals in February fell 3.3 percent while economists expected a 2.1 percent increase. igtfx , Anyway, igtfx , the AUD/USD fell back from its one-week high and reached a low near 0.9140 while the AUD/NZD fell over 50 pips, igtfx , touching a low by 1.2879. igtfx ,

igtfx , The JPY fell to its lowest level since January 12th against the EUR as signs of a global recovery pushed demand for Japan’s currency as a refuge. igtfx , The JPY fell against all 16 of the major currencies before an industry report today, is expected to show that U.S. companies added jobs for the first time since January 2008. igtfx , The EUR/USD fell for a second day touching a low near 1.3392 while the EUR/JPY extended its gains to its high from yesterday around 125.45. igtfx ,

igtfx , Daily Technical Analysis - igtfx , Our Focus Currencies for Today


AUD/CAD (Daily)

igtfx , Since the beginning of November, igtfx , the AUD/CAD has been falling along a bearish trend line and a support level around 0.9240. igtfx , As we can see, igtfx , the market pulled back after it tested the price above the long-term bearish trend line. igtfx , Furthermore the Commodity Cannel Index may signalize an overbought market. igtfx , This might be a sign for a continuing bearish trend towards the support around 0.9240. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (Daily)Support Levels around Resistance Levels around igtfx ,
igtfx , 0.924 igtfx , 0.9385
igtfx , 0.9194 igtfx , 0.942
igtfx , N/A igtfx , 0.945

GBP/USD (4 Hour)

igtfx , After breaking the downward trend line on March 26th, igtfx , the GBP/USD gained until it reached the horizontal resistance level around 1.5115. igtfx , Williams’ Percent Range is still moving above the -20 level. The Indicator already reached a high around the -6.04 level, igtfx , which is the resistance from the middle of March and February. igtfx , Nevertheless, igtfx , a break though the level around -20 could be a short signal. igtfx ,
igtfx , Intraday Support & Resistance igtfx , (4 Hour)Support Levels around Resistance Levels around igtfx ,
igtfx , 1.4995 igtfx , 1.5115
igtfx , 1.4925 igtfx , 1.52
igtfx , 1.487 igtfx , 1.536
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  #22  
Old 01-04-2010, 13:00
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Default IGTFX technical analysis

IGTFX , Market Review – IGTFX , Fundamental Perspective

IGTFX , The AUD gained and reached almost its strongest level since January against the JPY on speculation that investors bought higher-yielding assets on increasing signs of a global economic recovery. IGTFX , The NZD gained the fifth day versus the USD after the International Monetary Fund commentated that New Zealand’s currency overvalued and it may pull down. “Our estimates suggest the currency is presently overvalued by 10 percent to 25 percent,” the IMF said in its statement. IGTFX , “Part of the overvaluation may be temporary and the exchange rate may depreciate as IGTFX , the interest-rate IGTFX , differential narrows with eventual tightening by the U.S. Federal Reserve.” IGTFX , Benchmark interest rate is 2.5 percent in New Zealand while Japan’s rate stays at 0.1 percent and U.S.’ interest rate is near zero. IGTFX , The NZD/JPY fell back after it reached the resistance level around 66.30. IGTFX , It reached a day-low at 65.75 while the AUD/JPY came back after it extended gains towards its highest point around 86.20. IGTFX ,

IGTFX , The USD/JPY climbed to its highest level since the beginning of the year before a report today is expected to show that U.S. IGTFX , employers added jobs the most since three years. The USD/JPY reached a high near 93.62, IGTFX , which is the highest level since January 7th. Today, the USD gained also against the NZD after it dropped yesterday for the fifth time. IGTFX , The pair reached a low around 0.7042 after it opened at 0.7042.IGTFX ,

IGTFX , The CAD climbed to its highest level in almost two weeks against the USD after an economic report showed that the nation grew at the fastest pace in three years in January. IGTFX , The gross domestic product increased 0.6 percent from December, IGTFX , which was the fifth straight rise and the biggest since December 2006, Statistics Canada published in Ottawa. IGTFX , The USD/CAD fell for a fourth day after it touched a day-low near 1.0136. TIGTFX , he CAD/JPY reached a record high around 92.32, IGTFX , which was its highest peak since October 2008. The CAD/CHF pulled up from its support around 1.0330 and reached a high by 1.0396.IGTFX ,

IGTFX , Daily Technical Analysis - IGTFX , Our Focus Currencies for Today

NZD/JPY (Daily)

IGTFX , Since February 25th, the NZD/JPY has been moving in a bullish trend channel. IGTFX , After touching the lower line of the channel, it pulled up and reached its resistance level around 66.30. As we can see, IGTFX , the CCI indicator reached its resistance level near 160, which could be a signal for an overvalued NZD.IGTFX ,

IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around. IGTFX ,
IGTFX , 64.85 IGTFX , 66.3
IGTFX , 62.9 IGTFX , 66.85
IGTFX , 60.95 IGTFX , 68.

USD/JPY (Daily)

After breIGTFX , aking the resistance level around 92.20, the USD/JPY extended its IGTFX , upward trend and reached finally the level around 93.40, which is the highest since January. In the meantime, IGTFX , the RSI stayed right below the resistance level at 70, which may indicate an overbought market. IGTFX , If the market doesn’t break the resistance level around 93.40, IGTFX , we might see a pull-back towards the next support level which could be around 92.20.IGTFX ,



IGTFX , Intraday Support & Resistance IGTFX , (Daily)Support Levels around Resistance Levels around.IGTFX ,
IGTFX , 92.2 IGTFX , 93.4
IGTFX , 91.2 IGTFX , 95.45
IGTFX , 88.45 IGTFX , N/A
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  #23  
Old 07-04-2010, 13:58
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Default IGTFX technical analysis

IGTFX technical analysis, Yesterday, the Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, We are going to report about the IGTFX, AUD and the price influence of the decision. IGTFX, Furthermore we will report about the EUR, IGTFX, USD and the NZD. IGTFX, As Always, IGTFX, we wish you much success in trading today. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, The Australian central bank increased its benchmark interest rate to 4.25%. IGTFX, The AUD traded near its highest level against the EUR and the USD. IGTFX, The USD dropped to 0.9275 and the EUR traded near 1.4441 after it reached 1.4410, IGTFX, the weakest level since the launch of the EUR/AUD cross rate. IGTFX, The Reserve Bank Governor Glenn Stevens raised the benchmark to 4.25% and said that the rates need to be closer to average amid an expanding domestic economy. IGTFX, The world’s best performing major currency from the past year will also strengthen further as commodity prices rise. IGTFX, The losses of the NZD versus the IGTFX, AUD were limited after Auckland based Fonterra Cooperative Group Ltd., the world`s largest dairy exporter, said that milk powder prices jumped to the highest level in 21 months. IGTFX, The AUD rose to 1.3153 against the NZD. New Zealand’s benchmark interest rate is 2.5%, IGTFX, compared with 0.1% in Japan and as low as zero in the U.S., IGTFX, many investors find the South Pacific nations very attractive for their investments. IGTFX,

IGTFX, The USD rose the most in almost two weeks versus the EUR as IGTFX, Greece tried to end speculation it may be having doubts about a plan that provides the European Union and International Monetary Fund to support in refinancing its debt. The EUR fell 0.6% and traded around 1.3399. IGTFX, Furthermore the EUR fell versus most of its 16 major counterparts after a report that Greece wants to bypass IGTFX, IMF involvement if it needs assistance because the conditions would be too stringent. IGTFX, The nations finance minister denied it. IGTFX, The JPY strengthened 1.2% against the EUR and reached 125.67. IGTFX,
IGTFX, The EUR weakened 5.7% against the JPY this year and 6.5% versus the USD on concern that Greece will struggle with its financial shortfall. IGTFX, The deficit last year was 12.7%. More than four times higher as the European Union limit. IGTFX,
IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today

AUD/USD (1 Hour)

IGTFX, Since the end of March, the AUD has been trading in a bullish trend channel against the USD. IGTFX, Yesterday, IGTFX, the currency pair touched the upper line of the channel simultaneously with its resistance near IGTFX, 0.9282 and the prices rebounded. IGTFX, Also the Stochastic indicator may support a bearish trend with a breakthrough of the signal line from the top, f IGTFX, or the next days. IGTFX, Next support could be around 0.9250. IGTFX,
IGTFX, Intraday Support & Resistance (H1) Support Levels around IGTFX, Resistance Levels around IGTFX,
IGTFX, 0.925 IGTFX, 0.9282
IGTFX, 0.9215 IGTFX, N/A
IGTFX, 0.918 IGTFX, N/A

EUR/AUD (1 Hour)

IGTFX, With the end of March, the currency pair traded in a bearish movement. IGTFX, Recently, IGTFX, the EUR touched its weakest level since the launch of the EUR/AUD cross rate. IGTFX, At the moment it looks like there wouldn’t be further supports for the EUR. IGTFX, Furthermore the Force indicator could support a continuing downtrend if it may not break the signal line. IGTFX,
IGTFX, Intraday Support & Resistance (H1) IGTFX, Support Levels around Resistance Levels around IGTFX,
IGTFX, N/A IGTFX, 1.4517
IGTFX, N/A IGTFX, 1.4684
IGTFX, N/A IGTFX, 1.4758
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  #24  
Old 08-04-2010, 11:51
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Default IGTFX technical analysis

IGTFX technical analysis, IGTFX, The GBP dropped versus 11 of its 16 most traded counterparts and the AUD could continue its bullish trend versus the most counterparts. IGTFX, Furthermore we are going to report about some economic data from the European Zone. IGTFX,
IGTFX, Market Review – IGTFX, Fundamental Perspective
IGTFX, A report in the U.K. showed yesterday, IGTFX, that the growth for IGTFX, U.K service companies is weaker than expected. IGTFX, This increases speculation that the economic recovery runs slower than in other European countries. IGTFX, The GBP fell against the USD 0.4% and traded near 1.5211. IGTFX, Furthermore the GBP snapped a seven day gain versus the EUR and dropped to 0.8755. IGTFX, Also the other major counterparts could climb against the GBP. IGTFX, There are a lot of economic data which let the GBP shrank. IGTFX, The service gauge slipped to 56.5 in March from 58.4 in February. IGTFX, A separate survey showed that the Bank of England may keep its main interest rate at a record low of 0.5% tomorrow. IGTFX, The next increase might happen in November or December this year and then up to 0.75%. IGTFX, The confidence about sales at manufacturers dropped in the first quarter. IGTFX,

IGTFX, The AUD could continue its upward trend today and traded at almost its highest level in more than 18 months versus the JPY after the Bank of Japan kept its benchmark rate near zero. IGTFX, The JPY dropped 0.5% and reached 87.52, IGTFX, the highest level for the AUD since September 2008. IGTFX, Furthermore the EUR and the USD couldn’t increase versus the AUD and traded at the same level as yesterday. IGTFX,

IGTFX, The NZD traded unchanged against the USD and the JPY. IGTFX, The NZD reached 0.7076 versus the USD and 66.22 against the JPY. IGTFX,

IGTFX, In Europe, the economy unexpectedly stagnated in the fourth quarter of the last year as the companies cut spending more than expected. The European Union`s statistics office announced yesterday, IGTFX, that the gross domestic product in the 16-nation euro region remained unchanged compared with the third quarter, IGTFX, when it rose 0.4%. IGTFX, Corporate investments dropped 1.3% instead of the expected 0.8%. IGTFX,



IGTFX, Daily Technical Analysis - IGTFX, Our Focus Currencies for Today
EUR/GBP (1 Hour)

IGTFX, As you can see, the EUR is trading in a bearish trend channel versus the GBP. Currently, IGTFX, the currency pair broke its support level around 0.8766 and it looks like there wouldn’t be further supports. IGTFX, Only an increasing Momentum may indicate a pull back for the EUR. IGTFX,

IGTFX, Intraday Support & IGTFX, Resistance (H1) IGTFX, Support Levels around Resistance Levels around
IGTFX, N/A IGTFX, 0.8808
IGTFX, N/A IGTFX, 0.885
IGTFX, N/A IGTFX, 0.889


GBP/USD (1 Hour)

IGTFX, Since the last two weeks, IGTFX, the currency pair has been trading in a bullish movement. IGTFX, Two days ago, IGTFX, the GBP touched its upper Fibonacci retracement and the prices rebounded. IGTFX, Now it could be that the prices will fall to its important Fibonacci line near 1.5134 (61.8%) again. IGTFX, A crossing Stochastic Indicator through the signal line from the bottom may indicate a trend reversal. IGTFX,

IGTFX, Support & Resistance IGTFX, (H1)Support Levels around Resistance Levels around. IGTFX,
IGTFX, 1.5135 IGTFX, 1.5276
IGTFX, 1.5079 IGTFX, 1.5317
IGTFX, 1.4986 IGTFX, N/A
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  #25  
Old 12-04-2010, 13:56
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Default IGTFX technical analysis

IGTFX technical analysis, The all-dominated FOREX news is related to a final European rescue package for IGTFX , Greece IGTFX , and let the EUR bullish driven during the early Tokyo trading hours. IGTFX , Anyways, we hope you had a great weekend and wish you a nice start in the new trading week. IGTFX ,

IGTFX , Market Review – IGTFX , Fundamental Perspective
IGTFX , The EUR started very friendly into the new trading week after IGTFX , European governments offered Greece a rescue package worth as much as 45bln euro to stem its fiscal crisis IGTFX , and restore confidence in the EUR. IGTFX , The euro-region finance ministers said yesterday they would offer loans IGTFX , at around 5 percent, IGTFX , while Greece have to pay 6.98 percent IGTFX , interests for three-year loans on the market at last. IGTFX , Another 15bln euro would come from the International Monetary Fund. IGTFX , It seems that this European rescue package achieved its target and took out the uncertainty of the market, IGTFX , having the EUR/USD fell near to an IGTFX , 11-month low last week it recovered during the week and climbed in the early Asia trading session for a third day, IGTFX , its longest winning streak within the last four weeks. IGTFX , The EUR/GBP extended its gains and rose to 0.8848 at its highest level after it closed at 0.8779 on Friday. IGTFX , As well the EUR/AUD climbed near to the 1.4600 level after closing at 1.4468 on Friday. IGTFX , Already on Friday the CHF weakened against the IGTFX , EUR by 0.4 percent amid speculation the IGTFX , Swiss National Bank may sold its currency again. IGTFX , The GBP/USD closed on Friday on its highest level of the week and George Soros, a famous currency speculator, IGTFX , said that the U.K. IGTFX , “has more room to use exchange rate adjustments as a way of adjusting the economy” than every other nation in the euro-region. IGTFX ,

IGTFX , The AUD climbed against the JPY to the highest level since September 2008 and to the strongest level versus the IGTFX , USD since November as the financial measures calmed investor’s fears of a default by Greece and reviving demand for higher yielding assets. A IGTFX , lso the NZD/USD continued its bullish trend and rose near to the 0.7200 level. IGTFX ,

IGTFX , On Friday the CAD declined from parity against the IGTFX , USD as a national report showed that employers added fewer jobs in March than economists expected. IGTFX , Canada’s economy gained 17,900 jobs in March while the median forecast was around 26,000. IGTFX ,

EUR/USD (Daily)

IGTFX , After the EUR/USD closed on Friday near to its bearish trend-line the currency pair started with a market IGTFX , gap into the new week and broke out of its downward trend. IGTFX , Now it remains to be seen if the bulls may have enough power to cross the next resistance levels around IGTFX , 1.3640 rather 1.3696. IGTFX , The MACD indicator may signalize that the bulls take control finally and in considering of the Momentum, IGTFX , which stabilized around its 100 level, there may be further space for bullish movements. IGTFX ,




EUR/GBP (1 Hour)

IGTFX , The currency pair traded close to a downward trend-line until the EUR closed last week above this trend-line, IGTFX , previously the short-term moving average crossed its long-term counterpart and indicated bullish movements. IGTFX , Now it seems that the currency pair completely reversed the trend and touched the next resistance around 0.8845. IGTFX , On the other hand-side if the CCI indicator could cross the 100 level again it may force profit takings. IGTFX ,
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  #26  
Old 14-04-2010, 11:26
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Default IGTFX technical analysis

IGTFX technical analysis, After the first two days of the week were driven by the news related to the rescue package for Greece today some important economic data releases moving into the market focus. IGTFX, The U.S. reports will show the latest consumer confidence and retail sales which may allow a conclusion to the rate decision of the Federal Reserve next week. . IGTFX, However, . IGTFX, we wish you a successful trading day.. IGTFX,
. IGTFX, Market Review – . IGTFX, Fundamental Perspective

. IGTFX, The JPY declined against a basket of major currencies on concern a report may show that the U.S. retail sales rose the most in four months. . IGTFX, The JPY fell versus the USD from the strongest level in two weeks and the EUR/JPY climbed to 127.45 at its highest level as signs the global economy recovering boosted demand for higher-yielding assets. . IGTFX, The GBP increased versus the EUR as a report showed that the . IGTFX, U.K. exports surged in February and house values strengthened. . IGTFX, Exports rose about 9.5 percent and helped to cut the trade deficit to 6.2bln pounds, . IGTFX, the least since June 2006. . IGTFX, The GBP also rose against the USD and climbed near to the strongest level since February. In contrast the U.S. . IGTFX, trade deficit widened,. IGTFX, the gap increased 7.4 percent to $39.7bln from a revised $37bln deficit in January, . IGTFX, the Commerce Department said on Tuesday in Washington. . IGTFX, The Federal Reserve Bank of Richmond President Jeffrey Lacker said that the U.S. . IGTFX, economy will probably expand at a moderate pace for the rest of this year as spending by consumers and businesses picks up.. IGTFX,

. IGTFX, The NZD/USD declined after a report showed that New Zealand’s retail sales unexpectedly fell in February, . IGTFX, as rising unemployment and a slowing housing market curbed consumer confidence. The retail sales fell 0.6 percent from January, . IGTFX, the Statistics from New Zealand showed today. . IGTFX, Australia’s consumer confidence fell 1 percent this month to 116.1 points, . IGTFX, a report showed today. . IGTFX, The AUD/USD extended its gains from yesterday during the early Asia trading session, . IGTFX, touching the 0.9326 level at its high.. IGTFX,

. IGTFX, Notwithstanding the CAD increased against the USD near to parity it failed to climb sustainable . IGTFX, above this level as declining crude oil prices . IGTFX, damped the demand for commodity-linked currencies.. IGTFX,
. IGTFX, Daily Technical Analysis - . IGTFX, Our Focus Currencies for Today
EUR/JPY (4 Hours)

. IGTFX, After the EUR/JPY fell during the early trading hours yesterday near to its support around . IGTFX, 125.93 it recovered and started apparently another attempt to cross its resistance around the 127.28 level. . IGTFX, The short-term moving . IGTFX, average crossed its long-term counterpart and in considering of the rising positive DMI indicator it may suggest further bullish movements and if the currency pair could cross its resistance it may pave the way to the 127.89 level.. IGTFX,

I. IGTFX, ntraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 125.93 . IGTFX, 126.53. IGTFX,
. IGTFX, 125.35 . IGTFX, 127.28. IGTFX,
. IGTFX, 124.26 . IGTFX, 127.89. IGTFX,

USD/JPY (4 Hours)



. IGTFX, After the currency pair lost the support of its . IGTFX, mid-term bullish trend-line at the beginning of April it began trading in a bearish trend-channel and fell near to its support level around 92.76. . IGTFX, At this level the bulls entered the market again and pushed the . IGTFX, USD close to the upper trend-line at last. . IGTFX, It remains to be seen if this resistance could be crossed sustainable. . IGTFX, The Momentum crossed its 100.00 level and may give some bullish impulses.. IGTFX,

. IGTFX, Intraday Support & Resistance . IGTFX, (H4)Support Levels around Resistance Levels around. IGTFX,
. IGTFX, 92.76 . IGTFX, 93.41. IGTFX,
. IGTFX, 92.51 . IGTFX, 93.61. IGTFX,
. IGTFX, 92.27 . IGTFX, 93.78. IGTFX,
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